UK Budget forecasts assume ministers approve new North Sea discoveries holding ~1.2bn barrels of oil and gas, beyond Jackdaw and Rosebank. Skip the approvals and the Treasury risks a multibillion-pound fiscal hole. #NorthSea#UK#OilandGas
Shell's Q3 adjusted earnings hit $10.8 billion, the highest since 2022 and nearly double a year ago, on record refining margins and higher LNG and gas prices. Shell also raised its buyback to $5 billion. #Shell#OilAndGas#Refining#Earnings
BP is selling its entire UK North Sea business, ending a 60-year era, as Exxon and Chevron already exited. Independents Harbour, EnQuest and Ithaca are buying in to a basin that now pumps only about 1M boepd. #NorthSea#BP#OilAndGas
North Sea producers are pressing UK PM Andy Burnham to scrap the windfall tax and approve Rosebank and Jackdaw. OEUK says changes could unlock 111 projects and £50 billion in investment. #NorthSea#OilAndGas#UK#WindfallTax#Tax
Mexico's push to hit its oil and gas output targets would need about $160B in capex, including nearly $110B from Pemex, an IISD report says, while uncommercial fields could lose $17.4B over 15 years. #Mexico#Pemex#OilAndGas#EnergySecurity
